GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards

A bearish descent downwards to the next support line at 1.33831 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.34619 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1.34326 – 1.34231 – 1.34102 – 1.33831 – 1.33242 – 1.33495 —
1.34289 – 1.34507 —
57.949688095674 – 64.204108109205 —
– —
1.34326 – 1781215200

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –